I worked at a company where we copied this from Amazon for a specific type of meeting (bi-weekly review). But we also had the other "normal" type of meeting.

People never read the documents before the meeting in those "normal" meetings.

The challenge with your suggestion is that people will half-ass the doc reading before the meeting - we tried doing this for the "normal" meetings. It was obvious the people skimmed the doc before the meeting. You're also now relying on the manager (if there even IS one for everyone in the meeting!) to care about this.

So, in practice, giving people dedicated 10 minutes at the start of the meeting works far better.

Besides, in most "normal" meetings, the main presenter often ends up discussing background / context for 10 minutes interspersed throughout the meeting anyway. In the "pre-read" meetings, you're just compress that to the first 10 minutes while increasing the amount of information transferred.